Signet Jewelers (NYSE:SIG) Receives "Market Perform" Rating from Telsey Advisory Group

Key Points

• Telsey Advisory Group has reiterated a "market perform" rating for Signet Jewelers with a price target of $92.00, indicating a potential upside of 7.98% from its previous close.
• The stock is currently rated with a consensus of "Moderate Buy", with multiple analysts adjusting their price targets, including Citigroup raising theirs to $100.00.
• Signet Jewelers reported earnings of $1.18 EPS this quarter, exceeding estimates, and expects to post $8.73 EPS for the current year.

Signet Jewelers (NYSE:SIG - Get Free Report)'s stock had its "market perform" rating reiterated by Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They presently have a $92.00 price target on the stock. Telsey Advisory Group's price target would suggest a potential upside of 7.98% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of Signet Jewelers from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Citigroup increased their price target on shares of Signet Jewelers from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Jefferies Financial Group began coverage on shares of Signet Jewelers in a research report on Monday, June 16th. They set a "buy" rating and a $102.00 price target on the stock. CL King began coverage on shares of Signet Jewelers in a research report on Monday, May 5th. They set a "buy" rating and a $80.00 price target on the stock. Finally, Bank of America increased their price target on shares of Signet Jewelers from $65.00 to $78.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.86.

Signet Jewelers Stock Performance

Signet Jewelers stock opened at $85.1980 on Tuesday. Signet Jewelers has a 52 week low of $45.55 and a 52 week high of $106.28. The stock has a market capitalization of $3.51 billion, a P/E ratio of 92.61, a PEG ratio of 0.79 and a beta of 1.40. The stock has a 50-day simple moving average of $81.00 and a 200 day simple moving average of $67.05.

Signet Jewelers (NYSE:SIG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.17. Signet Jewelers had a return on equity of 22.41% and a net margin of 0.63%.The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter last year, the company posted $1.11 earnings per share. Signet Jewelers's quarterly revenue was up 2.0% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 7.700-9.380 EPS. Q2 2026 guidance at EPS. Research analysts forecast that Signet Jewelers will post 8.73 earnings per share for the current year.

Hedge Funds Weigh In On Signet Jewelers

A number of hedge funds have recently made changes to their positions in SIG. Charles Schwab Investment Management Inc. increased its holdings in Signet Jewelers by 175.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,859,503 shares of the company's stock worth $107,963,000 after purchasing an additional 1,183,214 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in Signet Jewelers in the second quarter valued at approximately $56,537,000. Arrowstreet Capital Limited Partnership grew its stake in Signet Jewelers by 321.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 861,769 shares of the company's stock valued at $68,554,000 after acquiring an additional 657,444 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Signet Jewelers in the second quarter valued at approximately $50,342,000. Finally, Vanguard Group Inc. grew its stake in Signet Jewelers by 8.1% in the first quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock valued at $302,258,000 after acquiring an additional 389,852 shares during the period.

About Signet Jewelers

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.

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